This company always finds ways to sink to new lows! It will be a miracle if anyone actually acquires any of this sh!t show.
“We also recorded impairment charges of approximately $1.29 billion, primarily related to store assets. At this point, we are unable to estimate the amount or range of amounts expected to be incurred in connection with future restructuring and transformation initiatives, including further store closures, and will provide such estimates as they become available.”
An impairment charge is “a process used by businesses to write off worthless goodwill.”
https://investorplace.com/2023/06/bbbyq-stock-bed-bath-beyond-faces-1-29-billion-in-impairment-charges/